Gold Stocks (HUI index; GDX) Run Ahead of Gold (GLD,IAU)

The GLD ETF is only up 0.02% while the gold stock ETF (GDX) is up 2.00%. Quite a difference. A market timing perspective and a fundamental perspective would BOTH be suspicious of the gold stock move. You might want to be as well! The two need to be moving together. They do not always run in complete synchrony, but the correlation is high. Gold stocks tend to make you more in a Bull move and lose you more in a Bear move. Wait for the gold ETF / gold to bounce before you buy into the gold stock ETF bounces today!

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Standard Disclaimer: Remember, it’s your money and your decision as to how to invest it.

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